The GBPUSD crawls downwards – Analysis - 18-04-2019

Economies.com
2019-04-18 03:44AM UTC

The GBPUSD pair continues to decline calmly and moves near 1.3000 barrier, thus, our bearish overview will remain valid as it is for the upcoming period, reminding you that we are waiting to test 1.2962 level as a next main station.

 

The EMA50 supports the suggested bearish wave, which its continuation conditions holding below 1.3090 and the most important below 1.3155 levels.

 

The expected trading range for today is between 1.2950 support and 1.3100 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...
NZD USD Analysis

Forex

The NZDUSD price keeps its positive stability – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
NZDUSD Price Analysis The NZDUSD price is still above the 0.6000$ level, and the positive effect ...
AUD USD Analysis

Forex

The AUDUSD price faces solid resistance – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
AUDUSD Price Analysis The AUDUSD price tested 0.6640$ level again and found solid resistance ...